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> Amazon executives met two weeks ago with Gov. Andrew M. Cuomo in the governor’s Manhattan office, said one of the people briefed on the process, adding that the state had offered potentially hundreds of millions of dollars in subsidies > “I am doing everything I can,” Governor Cuomo told reporters when asked Monday about the state’s efforts to lure the company. “We have a great incentive package,” he said. > “I’ll change my name to Amazon Cuomo if that’s what it takes,” Governor Cuomo said. “Because it would be a great economic boost.” If these quotes are truly representative of Cuomo's attitude towards Amazon, that's an incredible amount of pandering for the governor of the state containing New York City to be doing. Isn't large amounts of incentives for Amazon essentially a trickle-down economics policy? Interesting to see that Cuomo, ostensibly a progressive, would be for such a thing. |
Pandering is free.
I imagine infrastructure-based incentives will be popular in New York. Large tenants make big infrastructure possible. That enables further density, which means more jobs, more municipal budget and more demand for local commerce. Turning Amazon's HQ2 into the catalyst for building out Western Brooklyn and LIC infrastructure isn't a bad trade for the city. (Tax credits would be tone deaf, but if done in a budget-neutral manner could be okay.)
New York City is a commercial centre. Pragmatism wins votes.